Guangdong special funds to support the flat panel display industry

In November 5th, the Guangdong provincial government executive meeting examined and approved in principle to speed up the development of flat panel display industry a plan. Program clear, in order to support the integrated production of LCD TV and OLED (Organic Light Emitting Display, organic light emitting display) development in Guangdong Province, has decided to start the development of special funds. It is reported that since 2005, Guangdong flat panel display industry to provide preferential loans 900 million yuan discount loan, due to expire next year. "Finance" reporter from the Department of information industry of Guangdong province was informed that, as of October this year, Guangdong Province as the LCD industry pioneer, three LCD module project has been started up: Shenzhen CPT LCD module project has been in full production; South China Sea's LCD module project for mass production in August 20th; Guangzhou LG PHILPS LCD module project. The main part of the project is fully completed in early October. Estimation of Guangdong Provincial Information Industry Department Director Xu Zhibiao, Taiwan CMO, CPT, LG PHILPS three LCD module project once fully operational, in addition to supporting upstream and terminal products, can increase the value of Guangdong with output of more than 300 billion yuan and 60 billion yuan a year industry. Peng Ping, deputy director of the Ministry of information industry to the financial reporter, said the size of the new flat panel display industry in Guangdong will reach the first in 2010. Xu Zhibiao told the "financial" interview with reporters, the development of flat panel display industry is of great significance to Guangdong the country's largest color TV production base, if long-term investment in infrastructure, the future of Guangdong TV industry fear has become the downstream assembly workshop of sorrow. According to insiders, a few years ago, the Pearl River Delta and Yangtze River Delta for the introduction of IC (Integrated Circuit integrated circuit) investment projects, due to the degree of government intervention is slightly worse, often missed opportunities. In the first round of domestic flat panel display industry investment pattern, the Pearl River Delta has been lagging behind the Yangtze River Delta and Bohai rim region. In order to keep the advantages of Guangdong electronics industry, Guangdong province has been listed as the LCD flat panel display industry in 11th Five-Year key projects, and set up a special project coordination team leader. In the first phase of a $480 million Taiwan CMO Nanhai project as an example, the original intention, the first investment in Yangtze River Delta city, moved after the Guangdong provincial government investment conditions, and the destination to Guangdong city of the South China sea.

Source: Finance